With oil under $50 a barrel again, do you think there is more money to be made turning plastic into oil, or do you think there is more money to be made lending the company money?
Keep in mind... Math doesn't lie!
Also do you think Rahoul quit and PTOI will never file another K or Q again?
Base amount: $3,000,000.00
Interest Rate: 12%
Effective Annual Rate: 12.68%
Calculation period: 3 years
1 $380,475.09 $380,475.09 $3,380,475.09
2 $428,728.86 $809,203.95 $3,809,203.95
3 $483,102.41 $1,292,306.35 $4,292,306.35
And after 4 years:
4 $544,371.88 $1,836,678.23 $4,836,678.23
Just incase he compounded the interest yearly not monthly like above:
(interest compounded yearly - added at the end of each year)
Year Year Interest Total Interest Balance
1 $360,000.00 $360,000.00 $3,360,000.00
2 $403,200.00 $763,200.00 $3,763,200.00
3 $451,584.00 $1,214,784.00 $4,214,784.00
4 $505,774.08 $1,720,558.08 $4,720,558.08
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